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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Jan. 27, 1904)
Wednesday, January 27, 1904 THE SUMPTER MINER 10 CENTS PER SHARE 10 CENTS PER SHARE MINING FOREST CO We have decided to place upon the mnrket 100,000 share of tho treifiiry stock (or tint solo purpose o( preparing the "STOUM KING" group in roiulition for a mill in the early spring. We will quote vnu "extracts from the report written hv the best minion authorities in Oregon, which will chow conclusively the wonderful Holmes of the STOUM KIXU group of seven claims situated in the Cable Cove Mining District of Kimteru Oregon, operated hy the KOKI-NT MINING COMPANY of Sumpter, Oregon "In making my report I will commence with the Kureka ami Honest Dollar claims. The development on thecc consists of an adit Ninety-seven feet in length; showing two feet and ten inches of ore in the top; and a little over throe feet wide in the bottom. With assays ranging from $H US to $70 per ton in gold. About (our hundred feet in n soulhwe-t direction there is a shaft on the vein ten feet deep, showing the vein to lie twelve inches wide in the bottom, (rom which I dug average samples from which I secured (rem 9.7 'o 40 in (ree milling ore. "Considering the shallownesn of the work done. I contideutlv expect this Km) go to develop into a lino producer. vSigned) CAPTAIN A. M. PAUL, Mining Engineer. Salt Like City, Utah. "Wish to call your attention to the fact that on the Kureka, Honest Dollar, Storm Kink and O.one, 1 find true Unsure veins. "The character of these veins vary in widtli from Til KICK KKKT to TWKNTUTHUKK FKKT as found in the bottom of the shaft on the Kureku ledge (See Note) 'Mineralogy', tho pay quartr. is characterized by arsenopyrlte, and also by pyrite in minute particles. "The ore contains sulnhrets bot!i in arsunpyritcR and tiyrlte lorm. "Gold predominates in the FOKKT properties, and is' o( almost universal occurrence. The free milling gold being that part amenable to plate amalgamation and will vary from 40 per cent to 00 per cent er ton. "I Hud some gray cop;ier, and considerable cuprite, or oxide. The copper which this ore carries is valuable; and with depth there io little doubt but these values will increase. In the many assays made the copper was found to run (rom 5 to .'10 per cent. ' "Drj values (rom the Kureka and Hono't Dollar lolge, asayedn follews: No. 1 Sample Gold 7I08: Silver 2.20: Total 181.28 8.48; Silver I Oil; Total 0.48 l.7(l; Silver .75; Total 10.51 18.00; Silver 1.25; Total 40.25 No. 2 Sample (iold No. U Sm m pie Gold No. 4 Sample (old "i-rom me Morm King icuge: No. 6 Sample Gold 12.40; No. II Sample Gold 70.28; No. 7 Sample Gold (12.08 ; Utile ledge: No. 8 Sample Gold 4.48; "From the Jessie and Golden Silver 3.50; Silver trace; Silver 1.25; Total Total Total 15.1)0 70.28 WJ.IM (Signed) Professor Silver W. S. 55; Total 5.03 EBERMAN, Nlnaraloglat and Geologist. We will not bother you with theories, nor fanciful language to support our contention. IMaiu (ncta is what you want, and plain (acts is what we will offer you, to induce you to become identified with us in the making of one of the fluent proKrties eer offered to the public. Organize a club, then send an expert to examine the "STOUM KING" MINKS, he will easily satisfy you nl the richness of our property. "Note" The increased depth of the shaft mentioned in Professor Kherman's report was done in tho Interval Wtween his ex amination and that of Captain Paul. It was only done to prove conclusively the permanency o( our ledges. All the ledges can bo easily worked by tunnels, thereby saving vast sums of money. Full reports and other data furnished upon application, A D V A N C i.occ nox 24:j UM FINANCIAL AGENT j OREGON MINING COMPANY Itooms 0 and 8 Hank o( Sumpter 10 CENTS PER SHARE 10 CENTS PER SHARE WADE FORCED INTO BANKRUPTCY James Wilson, the deputy United States mart-hiil from Portland, .mib in the city .yesti'iday, ami In. J he after noon tiled papers on C. II. Wilde, and has thrown tho settlement of tho Wade ct-tuto Into the bankruptcy court. This action will do away with the trusteeship that lias been appointed by Mr. Wade, giving into tho hands of Mcst-m. Mullock and Taylor the dispohltiou ot the estate, and it will lelleve thc-e gentlemen ot all icspou nihility In the matter. It will throw! the mutter into the courts, and while' it mav have u teudonuy to cut down I the returns perhaps, hi some quarters i it will insure all creditors share and share alike in the distribution of tliej property. It is pnsslhlo that by th prlvato Handling of the estate more could be obtained by private sale of lauds mid other property than could be gotten from a forced sale by the court, hut that is only advantage, and is assumed. Throwing the matter into tho courts will open for distribution all ot the property owned by Mr. Wade at the time of his failure, and for four mouths prior, irrespective ol traiisfet since that time. This will bring back into rousideratioii a great many acres of laud and a great deal of property that has changed hands since October last. Wade has in the aggregate 8!I(J0.. 000 of liabilities, ami of this perhaps from 810,000 to $00,000 Is guaraii teed Indebtedness secured hy mort gages inn mites. Tho rest may be good or not, according to what la realized on it. The stock of tho Uolcouda Mining company, owned by Wade, will bo put on tho market and sold for what it will bring. He holds approximately 1,000,000 shares in the company. Kast Oreguiilati. GUT-RATE BROKERS AND WEEK-KNEED INVESTORS It is a deplorable fact that many . hnldorH of milling slocks have not i the courage of their convictions' sutllclently to hold onto their In . vestmeutH after they have once madoi them. It Is because of this fact that there' ant so many cut-rate quotations HA1AIC CRADI AVETC "00,1I"K "'" country. If the Invest Mill t CIVIr LU I to i iki;ii" w m i , their llrst decisions am) not bo fright- oueil out or them iiy rumors ami COLLEGE MEN AS false statements the mining Indus A condition unprecedented in the i.i... .. ...i.. i ...ii i.... i s ,r, ... uk "" """ I try. particularly from au Investment In tho fac that at the hnow Cieek . ,nt ,)f v,mv ,,, ,)() . ,,. in I no and mill there are now em- utttol ployed six regular college and mil. j ,t JH lf1 , tmt ,(, ,,. ,., varsity graduates, as or. nary m i.ers ()f 0 )(tHU,rn )mcoH 1(, .,.,, ami nun worKors. 'jnoso college men are from various sections of the ' country. For tho most part they are young moil who are working their way to something hotter, and are making this form of .luminal labor a stepping stone. In the majority of instances they I have affiliated themsoles with the1 Miners Union, and it is Mated that they are faithful workers. It Is to be doubted if there Is a mine man agement in the country that can boast' of as many men with handles to their' """"" '" "" fB ''' '" j reports emauatiig tiom a souico that had only its own personal ends to , mtvo. Fred Smith, general manager of j This is neither fair not just, yet It the buow Cieek, left this afternoon "ndvisoiy coriespondeiits" know as much about legitimate milling as the miner who stopes the ore in tho west ern prnpoitlcs knows about the mauipiilatlnuH of the listed stocks on i the exchanges. This class of men have been the means of destroying faith and often have caused tremendous loss to in vestors, after acquiring securities in a mine that would have made I hem rich Dually, were shaken out of their pom ble houuimis thiiiugh timidity caused by the ciiculatiuu of adverse tho same stock by equally false state ments and promises can be seen any day. Neither side presents the true situations, hut each having Its own ends to gain, does not hesitate to use every means possible to accomplish that end. If it were not for the woak-kiiocil holders of stocks these stories would not have the desired elfects. All in vestor of determination and convic tion would immediately take such steps as might he necessary to provo or disprove the tiutli of statement made hy a total outsider, who mani festly is not in a position to know the inside stale of ntriiiiH. --American Mining News. Fred Smith Goes East. for New Voik, to attend a meeting of , tho directors of his 'company. He, expects to be gone about three weeks. Mrt. Smith accompanied him to linker City, but will remain the' greater part of his absence ut the mi ue. ; is an everyday occurrence. The same principles which govern the stock market of the world ate apparently being applied to unlisted milling stocks. Tliu spectacle of one broker "hearing1 a stuck by means of false statements ami damaging Insinua tions, ami another one "bulling" UNEQUALLED OITORTUNILY TO SEGURE A PIANO FREE. In another column of The Miner in published a most iittiaetho subscrip tion olfer. Arrangements have been liiiule with The Twice-a-Week Spoken- man-ltevlew, the most popular family newspaper in the Northwest, to club with it and permit Miner readers to participate in the contest foi a hand some piano and numerous cash pri'es which it clfers. Kueli an expensive contest can bt conducted only by a paper of Jargo cliculatlon, one that no country paper could afford itself, unaided, to luaiiguiato ami Miner renders mo fnituuate in securing this opportun ity to participate in this one. 'I'll I u is no guessing contest, hut purely a trial ot skill Head tho adwiitit-cmeut; if explains the sys tem fully, mid you will surely try to count the diamonds.